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149 Spring Street

Creed Equities Acquires Mixed-use Asset At 149 Spring Street In Soho For $25M
SOLDMixed-use

Creed Equities Acquires Mixed-use Asset At 149 Spring Street In Soho For $25M

149 Spring Street

$25,000,000

$1,333/SF

Building Size

18,754 SF

Asset Type

Mixed-use

Closing

Sep 17, 2025

AI

The property asset involved in the transaction is a mixed-use building located at 149 Spring Street in the Soho market of Manhattan. The sale was completed on 9/18/2025, with a total sale price of $25,000,000. The building encompasses a total square footage of 18,754, resulting in a price per square foot of $1,333.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $25,000,000
  • Address: 149 Spring Street
  • Market: Soho, Manhattan
  • Square Footage: 18,754
  • Price Per Square Foot: $1,333
  • Buyer: Creed Equities
  • Seller: EMP Capital Group
  • Brokers: Mike Mazzara, Ethan Stanton, Brendan Maddigan, Guthrie Garvin & Steve Rutman - JLL

Key individuals involved in this transaction include the buyer, Creed Equities, and the seller, EMP Capital Group. The brokers who represented the deal are Mike Mazzara, Ethan Stanton, Brendan Maddigan, Guthrie Garvin, and Steve Rutman from JLL.

Players

Brendan Maddigan

JLL

Broker

$4.7B

vol

127 deals

Broker
JLL
JLLBrokerage
EG
EMP Capital GroupSeller

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.63%

Cash-on-Cash

-0.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93